Invest in America: 2011 Guide to Federal Incentives and Programs Available to Investors
Aaron Brickman, Director, Invest in America, United States Department of Commerce (6/6/2011)
The numerous incentives and programs run the gamut from loan programs that help companies to produce advanced technology vehicles and components to tax credits for alternative energy production to grants for advanced scientific endeavors and information technology research and testing. Additionally, there are specific programs for small and emerging businesses that help with funding, training, and technology transfer.
More complete information as to eligibility, application deadlines, and procedures for applying can be found at the website provided in the summaries for each program. These programs complement existing U.S. state and local efforts to promote inward investment.
Invest in America - a program of the U.S. International Trade Administration at the Department of Commerce - handles inquiries from foreign governments and investors who want to learn more about investing in the United States. Invest in America provides information about the United States economy as a whole, assists in making contacts with appropriate federal and state agencies, and helps investors learn more about U.S. policies and investment procedures. It also works with each of the 50 states, the District of Columbia, and U.S. territories to connect potential investors with U.S. investment officials and maintains a list of individual state contacts designated by each state's governor to answer international investment inquiries.
Another federal initiative, administered through various federal agencies is Startup America, which seeks to accelerate high-growth entrepreneurship throughout the nation. The Commerce Department also administers Foreign-Trade Zones, designated U.S. locations where companies can take advantage of special procedures that allow delayed or reduced duty payments on foreign merchandise, as well as other savings.